Source of Funds
Evidence of where the money involved in a transaction actually came from. A core part of due diligence for higher-risk clients or transactions.
Source of funds is evidence of where the money involved in a transaction actually came from, not just that a client has the funds, but a credible, checkable explanation of their origin.
It becomes a required part of due diligence for higher-risk clients or larger transactions, and it’s one of the harder pieces of evidence to produce after the fact, which is why capturing it at the point of the transaction, not retroactively, is the difference between a clean audit file and a scramble.
See it in practice, not just in theory.
Read how Lucere handles this on features, check the FAQ for common questions, or get started.